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Navigating the process of buying a new home in Arp, TX while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Arp, TX or getting it ready for the market.
Identify the new home you want to buy in Arp, TX, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Arp, TX often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Arp, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Arp, TX. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Arp, TX do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Arp, TX may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Arp, TX provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Arp, TX to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans in Arp, Texas offer a valuable financial solution for homeowners looking to purchase a new property before selling their existing one. These short-term loans provide easy access to funds, enabling individuals to make a smooth transition without having to wait for their current home to sell. Demographically, Arp is a charming small town located in East Texas with a close-knit community. The population is around 1,000 residents, creating a cozy and friendly atmosphere ideal for families and retirees looking for a peaceful place to call home. The housing market in Arp is stable, offering a mix of affordable single-family homes and spacious properties with large lots. With the median home price below the national average, Arp presents an opportunity for potential buyers to invest in real estate with good value and growth potential. Some main attractions in Arp include its picturesque natural surroundings, such as Lake Tyler and local parks, perfect for outdoor activities like fishing, hiking, and boating. The town also boasts a rich history showcased in its historic downtown area, featuring quaint shops and cozy cafes for visitors to explore and enjoy.
Benefits of Bridge Loans in Arp, Texas
